Competition in Retail Electricity Supply

Stephen Littlechild

Journal des Economistes et des Etudes Humaines, 2002, vol. 12, issue 2, 26

Abstract: This paper presents an analysis and defense of competition in retail electricity supply. It includes some account of its development in the UK over the last dozen years, to the point where all retail price controls have now been removed. The development of this competition illustrates a number of the themes in Israel M. Kirzner's writing - for example, the nature of competition as a process over time, the entrepreneurial and learning nature of this process, the role of marketing in alerting customers, the role of competition in establishing price and in discovering the services and suppliers that customers prefer, and the advantages of competition over regulation.Cet article propose une analyse et une défense de la concurrence de l'offre de détail d'électricité. Il comporte quelques résultats de son évolution au Royaume-Uni durant les douze dernières années, jusqu'au moment où tous les contrôles de prix au détail ont été abolis. L'évolution de cette concurrence illustre quelquesuns des thèmes des écrits d'Israel Kirzner -- par exemple, la nature de la concurrence en tant que processus à travers le temps, la nature entrepreneuriale et cognitive de ce processus, le rôle du marketing dans l'information des consommateurs, le rôle de la concurrence dans la fixation des prix et dans la découverte des services et des offreurs que les consommateurs préfèrent, et les avantages de la concurrence par rapport la réglementation.

Keywords: Competition; Electricity; Regulation; Austrian economics (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (24)

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Working Paper: Competition in Retail Electricity Supply (2002)
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DOI: 10.2202/1145-6396.1067

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